Meredith, Pitkin County, Colorado Property Taxes
Median Meredith, CO effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, but slightly higher than the Colorado state median of 0.55%.
Median Meredith, CO home value: $254,900
Median annual Meredith, CO tax bill: $1,484, $916 lower than the national median property tax bill of $2,400.
How are property taxes in Pitkin calculated?
Property taxes in Meredith, CO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Meredith’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Meredith, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Meredith, Pitkin County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.53%
Estimate Property Tax Bill
$1,829
$1,697
Property Tax Rates Across Meredith, Pitkin County, Colorado
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services annually and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Meredith in Pitkin County, CO, the effective property tax rate reflects this process. Property owners in Meredith benefit from a median property tax rate of 0.57%, which is significantly lower than the national median property tax rate of 1.02%. This means that Meredith residents generally pay less in property taxes compared to the average American homeowner.
Comparing Meredith’s effective property tax rate to other cities in Colorado and the median property tax rates in the state and the U.S. highlights the relative affordability of property taxes in this region. For homeowners in Meredith, the lower tax rate can translate into substantial savings, making it an attractive location for property investment.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Meredith Tax Rate
0.53%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Pitkin County Tax Rate
0.22%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Meredith, Pitkin County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81642 | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Meredith, Pitkin County, Colorado
When examining property taxes in Meredith, CO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Pitkin County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Pitkin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Meredith.
For example, the median home price in Meredith is $254,900, with tax bills ranging significantly across the county. Zip code 81642 has the highest median home price at $254,900.
Property Tax Assessment Values Across Meredith, Pitkin County, Colorado
Source: Ownwell
$345,000
$2,612,700
$4,880,400
Median Meredith Market Value
$345,000
Median Pitkin County Market Value
$2,183,200
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Meredith, Pitkin County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81642 | $53,740 | $122,500 | $345,000 | $695,000 | $945,120 |
Source: Ownwell
Property Tax Bills Across Meredith, Pitkin County, Colorado
In Meredith, located in Pitkin County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value, influenced by factors like location, size, and property condition. Meredith homeowners face a median property tax bill of $1,484, which is significantly lower than the national median of $2,400. The tax bill can vary, with the 25th percentile at $774 and the 90th percentile reaching $3,816. These variations indicate how different factors impact the overall tax burden.
For homeowners, these taxes can represent a substantial annual expense. Ownwell offers valuable assistance by analyzing your property assessment and ensuring it reflects the true market value. By identifying discrepancies, Ownwell can help you appeal for a reduction, potentially saving you hundreds or even thousands of dollars annually. With expert guidance, Ownwell ensures you're not overpaying on your property taxes, allowing you to keep more of your hard-earned money.
Median Meredith Tax Bill
$1,875
Median Pitkin County Tax Bill
$6,875
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Meredith, Pitkin County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81642 | $283 | $645 | $1,875 | $3,660 | $4,977 |
Source: Ownwell